J&J demands $7.2 billion from Boston Scientific as trial begins

November 20, 2014 6:16 PM

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NEW YORK (Reuters) - Boston Scientific Corp should pay Johnson & Johnson $7.23 billion in damages and interest for breach of contract, nearly nine years after Boston Scientific won a controversial bidding war for device maker Guidant, lawyers for J&J told a U.S. federal judge on Thursday.

"To be blunt about it, Guidant cheated - and then it lied to Johnson & Johnson so Johnson & Johnson would not discover what Guidant had done," attorney Harold Weinberger said at the start of a non-jury trial in Manhattan federal court.